Monetha (MTH)

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About

Monetha (MTH) is a merchant payment solution that’s designed to facilitate global commerce. It operates as an ERC20 token on the Ethereum blockchain and allows ecommerce store operates to accept payment in ether. Monetha also makes it easier for customers to pay for in-app services such as subscriptions. Using smart contracts, Monetha harnesses a decentralized trust and reputation system (DTRS) that allows the buyer to assess the reputability of the vendor based on previous reviews.

Monetha raised funds via an ICO that was held in August 2017. The platform’s defining characteristic is its low fees, which stand at just 1.5% which works out at 15 cents per $10 spend. The speed of transactions is another plus factor, with Monetha purchases clearing in around two minutes.